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Hotel Finance

Hotel Finance
Hotel Finance
Expertise / Practices / Financial Services / Hotel Finance

The hospitality industry is one of Canada’s most important and fastest-growing industries. A stronger economy and significant increase in international visits have played a crucial role in the notable upswing since 2017. Such robust growth can present a host of issues for businesses looking to benefit from a healthier market. In addition to increased competition, changing business conditions and heightened customer expectations, hotel financing poses unique challenges, particularly for lenders. From financing arrangements and operating and loan agreements to assessing financial risk and lender security, businesses require legal counsel with in-depth industry knowledge and experience across many legal disciplines.
 
Blakes is a market leader in hotel finance. With our collective expertise and resources, we have been involved in the financings of more than 100 hotels. Clients rely on this expertise, as well as our ability to seamlessly and cost-effectively meet their needs. Moreover, lenders and investors come to Blakes for practical debt-financing advice and cutting-edge solutions. In particular, they look to us for guidance on financial loan structures, including designing, employing and leveraging debt finance opportunities, as well as evaluating the risks and assisting with negotiating and documenting debt-based financing.

We also provide ongoing counsel to companies regularly engaged in lending or borrowing transactions. In each instance, we make sure we understand our client’s business objectives and concerns in order to craft the best solution.
 
Ranked No. 1 in banking and finance and acknowledged as having Canada’s preeminent financial services practice, Blakes offers unmatched experience advising on structuring and executing complex debt transactions. As industry leaders, we have developed several innovative financing and security structures used in Canada and have assisted clients around the world in devising and implementing creative solutions to their funding needs.
 
Blakes is an allied member of the Hotel Association of Canada, and we act as legal counsel to the Canadian Hotel Investment Conference.

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Recent Experience
  • ​A lender in connection with a C$716-million syndicated financing for 22 Canadian hotels.

  • A lender in connection with a C$285-million financing for 16 Canadian hotels.

  • A lender on financings of the Four Seasons Hotel and the Holiday Inn on King, both in Toronto.

  • Düsseldorfer Hypothekenbank on financing for the Pan Pacific Hotel in Vancouver.

  • One of the lenders under a syndicated construction financing for the purpose of redeveloping the Ritz-Carlton Montréal.​​

Awards & Recognition

Blakes Financial Services lawyers have been recognized as leaders in their field in the most recent editions of the following publications:

  • Chambers Canada: Canada’s Leading Lawyers for Business (Banking & Finance – Nationwide Canada, Banking & Finance: Financial Services Regulation – Nationwide Canada, Insurance: Dispute Resolution – Nationwide Canada, Insurance: Transactional & Regulatory – Nationwide Canada, Project Finance – Nationwide Canada and Transportation: Aviation: Finance – Nationwide Canada)

  • Chambers Global: The World’s Leading Lawyers for Business (Banking & Finance – Canada, Banking & Finance: Financial Services – Canada and Capital Markets: Securitisation – Canada)

  • The Canadian Legal Lexpert Directory (Blakes is “Most Frequently Recommended” in Banking & Financial Institutions every year since the directory’s inception in 1997. Also, “Most Frequently Recommended” in Asset Equipment Finance/Leasing, Asset Securitization, and Project Finance. Also recommended in Derivative Instruments.)

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada (“Most Frequently Recommended” in Banking & Financial Institutions, Asset Securitization and Project Finance)

  • Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada (Financing)

  • IFLR1000: The Guide to the World’s Leading Financial and Corporate Law Firms (Banking, Financial Services Regulatory and Project Finance)

  • Who's Who Legal: Banking (Finance, Fintech and Regulatory)

  • Who's Who Legal: Canada (Aviation, Banking, Insurance & Reinsurance and Project Finance)

  • Who's Who Legal: Insurance & Reinsurance

  • Who's Who Legal: Project Finance

  • Who's Who Legal: Transport – Aviation Finance

  • Euromoney’s LMG Banking, Finance and Transactional Expert Guide (Banking, Insurance and Reinsurance, Project Finance, Structured Finance and Securitisation and Women in Business Law)

  • The Legal 500 Canada (Banking and Finance, Insurance and Transport: Aviation)

  • The Best Lawyers in Canada (Asset-Based Lending Practice, Aviation Law, Banking and Finance Law, Derivatives Law, Equipment Finance Law, Project Finance Law and Structured Finance Law)

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